College Football Team With Most Wins In Last 100 Years Basketball Betting For Sports Betting Beginners

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Basketball Betting For Sports Betting Beginners

Looking for a little foray into sports betting? Based on the numbers, chances are pretty good that basketball will be the sport you bet on. Bettors have the numbers to back up their claim that basketball is second only to football in the United States when it comes to wagering each year. In fact, the major amateur March Madness tournament held each year is the second-highest-grossing sports event for bettors in all of sports (the Super Bowl is first).

There’s a lot of money to bet on basketball, whether it’s college or pro, but to break even you have to know what you’re doing. This article is a guide for beginners in the world of basketball betting.

Basketball Bets

Like football, basketball scores are usually very high due to the scoring system. This means that spread betting is the most popular way to bet in basketball.

In a spread bet, the bettor wins if their team “covers” the spread. This means that the team either wins by the specified number of points or loses by less than the specified number of points. Here’s a look.

San Antonio Spurs -8

New York Knicks +8

Betting on the Spurs to cover the spread means they need to win by more than eight points to collect. If it wins by exactly 8 points, it’s a “push”. Your bet will be refunded, but you won’t win any extra money. If the Spurs win by just 7 points, they win the game but fail to cover the spread. In that case, you lose the money you bet and those who bet on the Knicks collect.

Betting on the point spread can be a bit tricky, so people new to sports betting may prefer the money line instead. This is a bet on the team to win the game outright and it doesn’t matter how many points they win.

In a money line bet, more money should be placed on the favorite team. For example, to win $100 on the favorite, you need to bet $120. On the other hand, if you want to bet on the underdog, you stand to win more money. For every $100 you bet on the underdog, you can win $130. Let’s see how this will look “on the books”:

San Antonio Spurs -120

New York Knicks +130

A favorite is always indicated by a minus sign, whether betting on a spread or a line.

Finding good value

As we mentioned at the beginning, pro and college hoops are popular among those who enjoy sports betting. Finding good value bets is key to exiting a season or tournament as a winner.

Good value bets are those that require you to bet the least amount for the highest return. Therefore, many people prefer betting on college hoops. Professional leagues often have teams that vary widely in terms of skill level, and this is reflected in the odds.

On the other hand, college teams are generally closer in terms of skill. This means bookmakers will set the line and spread closer and that is to the advantage of the person betting on the game.

Also, remember that the more knowledge you have, the more likely you are to win. Before you place a bet, check the internet and various sports channels to see what’s going on in the game, down to the lineup and even the referees.

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